Skyler$$ White, Inc. manufactures and sells two$$ products: Jeeps and Cell Phones. The following information was extracted from the$$ company's accounting records from last period.

Jeeps Cell Phones

Sales Revenue $$350,000$ $$325,000$

Product Costs $$220,000$ $$150,000$

Period Costs $$25,000$ $$30,000$

The Jeep product line has the following breakout of product$$ costs: Direct Materials of$$ $$60,000,$ Direct Labor of$$ $$30,000,$ and Manufacturing Overhead of$$ $$35,000.$ The remaining product costs are traceable fixed manufacturing overhead costs. The period costs of the Jeep line are made up of$$ $$15,000$ of Sales Commissions$($which is paid as a percentage of sales$$ revenue$),$ and$$ $$10,000$ of arbitrarily allocated common fixed costs.

The Cell Phone line has a contribution margin percentage of$60\%.$ Of the fixed costs in the Cell Phone$$ line, $$30,000$ are traceable fixed costs and the remainder are arbitrarily allocated common fixed costs.

Which of the following statements is$$ incorrect?

Question $9$ options:

The Jeeps line performance should be analyzed based on a segment margin of$$ $$115,000.$

The variable cost percentage of the Cell Phone line is$40\%.$

Traceable costs for the Cell Phone line are$$ $$160,000.$

The$$ company's operating income for the period equals$$ $$250,000.$

If the Cell Phone line was expected to achieve a segment margin of$$ $$170,000,$ management would be pleased with the performance of the division.